News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Will Market Sentiment Recover? | Webinar

Will Market Sentiment Recover? | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • Market sentiment has improved Tuesday after the recent losses for stocks and other assets seen as risky.
  • However, it is too early to say that the panic is over and that demand for safe havens like gold will ease off.

Market sentiment improvement could be short-lived

Market sentiment has improved Tuesday after the recent sharp losses for risky assets such as stocks. However, traders need to be wary of a further selloff, sending more money into safe havens such as gold, US Treasuries and currencies such as the Swiss Franc and the Japanese Yen.

USDJPY Price Chart, Hourly Timeframe (August 1-6, 2019)

Latest USDJPY price chart.

Chart by IG (You can click on it for a larger image)

In this webinar, I looked at the charts of the major currencies, commodities and stock markets, at the forward-looking data on the calendar this week and at the signals generated by the IG client positioning data.

Resources to help you trade the markets:

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES